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Do you know what your credit score says about you? Undoubtedly you are quite familiar with the need for having a credit report devoid of bad notations, such as missed payments or repossessions, but how the scores are actually interpreted might not be as easily ascertainable as you thought. Credit scores range anywhere from 300 to 850. The higher the credit score, the lower the cost new credit will cost you. Conversely, the lower your credit score, the more money you will have to spend to obtain credit, usually in the form of higher interest rate. If your credit score is extremely low, lender may actually deny you credit altogether.